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back on the table. congresswoman january schawowsky and the deficit reduction act. the bill would offer the choice of the publically run health insurance plan. and get this, it would save a hundred billion dollars over the next ten years. this bill is a win for everybody. it will reduce the deficit. obama care has brought the number of uninsured americans to the lowest level since 2008. however, the law would be fully implemented until 2014. it would put pressure on all insurers to lower their premiums in order to compete. it would also provide immediate relief to small businesses and the federal government and all parts of the economy. for example, former defense secretary robert gates has warned the rising -- he has warned of rising military costs for years. >> sharply rising health care costs are consuming an ever-larger share of this department. growing from 19 billion 234 in . >> military health care costs have gone up 300% in the past decade. 2012 was the first year since 1995 military personnel saw an increase in health care premiums. now, there are two things republicans love. t
to tax and spend to the congress, and the congress alone. our current deficit is the result of money congress has already borrowed. president obama explained to the american people today how republicans in congress are trying to avoid doing their actual jobs. >> these are bills that have already been racked up. and we need to pay them. so while i'm willing to compromise and find common ground over how to reduce our deficits, america cannot afford another debate with this congress about whether or not they should pay the bills they've already racked up. >> if the american people do not catch on to the severity of all of this, of defaulting on our debts, the country will be in a dire situation. president obama knows this. he believes it. he has proved it before. and he is not going to play games with economic stability. >> so we've got to pay our bills. and republicans in congress have two choices here. they can act responsibly and pay america's bills, or they can act irresponsibly and put america through another economic crisis. but they will not collect a ransom in exchange for not c
years and, ironically, the whole fiasco actually added to the deficit. >> republicans basically had no choice but to retreat from their hard line position, negotiating with the american people. if the country defaulted, they would be responsible for a global economic collapse. the new plan for a three-month increase guarantees another debate in the next few months. okay, let's have it. it also shows republicans never had any intention on carrying out their threats. get your cell phones out. want to know what you think tonight. tonight's question, do republicans finally realize the consequences of holding the economy hostage? text a for yes. text b for no to 26239. debbie waserman schultz of florida, chairwoman of the dnc. good to have you with us tonight. >> thanks, ed. good to be here. >> is this a big victory of sorts or is this a trap as some democrats have labeled it? >> it's a little bit of both, because while it is good to hear that the republicans are recognizing that we cannot play chicken with our economy, that we cannot jeopardize the full faith and credit of the united st
the money and the interest payments on the debt, that adds up to about $2.5 trillion in deficit reduction over the past two years, not counting the $400 billion saved from winding down the wars in iraq and afghanistan. so we have made progress. >> didn't president clinton say it was all about math? republicans can >> they know the truth. listen to john boehner two years ago. >> do you agree that defaulting on the full faith and credit of the united states would be a financial disaster? >> that would be a financial disaster for our country and the worldwide country. >> oh, financial disaster. apparently this is not a game. timothy geithner says that we will hit the debt limit between mid february and early march. the financial security of millions of americans is at stake. >> if congressional republicans refuse to pay america's bills on time, social security checks and veterans benefits will be delayed. we might not be able to pay our troops or honor or contracts. food inspectors, air traffic controllers, specialists wouldn't get paychecks. investors around the world will ask the united st
it was in '93 and we were talking about an omnibus spending bill. it was a deficit reduction bill but of course it was called the tax increase. and there were things in the bill that i liked and there were things in the bill i didn't like. i didn't think it went far enough with regard to deficit reduction. i didn't think it went far enough with regard to entitlements. so i was a no vote, and i walked into the house that night and the republicans were high-fiving saying they don't have the votes and the democrats were figuring out how they could switch their votes and i said wait a minute, we came in with this president in '92, it was the largest class of women, there were 21 new women, 24 democrats. and the president was on the phone, and he said what would it take? and i said a serious discussion about entitlements, further cuts, and i'll only be your last vote because there had only been two -- in the house as you know, a tie vote goes down. >> sure. >> so i said i'd only be your 218th vote and there had been two votes i knew like this in history. one for the impeachment of andrew johnson and
make the hard choices to reduce the cost of health care and the size of our deficit. but we reject the belief that america must choose between caring for the generation that built this country and investing in the generation that will build its future. >> some republicans are complaining now that the president's speech was too partisan and didn't reach out enough. here is a news flash. this isn't about those republican lawmakers. this is about you, the american people and the policies that the president has put forth. it's about fixing the budget without burdening the poor in this country or the elderly or the disabled. the next four years are going to be very interesting. let's turn to john nichols, washington correspondent of "the nation" magazine. and john, "the nation" magazine was so impressed with the speech today that there was a lot of rewriting going on. >> yep. and i sometimes have to do a lot of that rewriting. >> remarkably progressive today? >> yeah, it was. we were struck by it. we set a high standard for this president. we don't let him off the hook when we disagree
Search Results 0 to 20 of about 21 (some duplicates have been removed)